Trend
Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet.
Chart Patterns
Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously.
For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh!
Hit like & follow guys ;)
Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet.
Chart Patterns
Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously.
For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh!
Hit like & follow guys ;)